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Jaycee's department store chain is planning to open a new store. It needs to decide how to allocate the 1 0 0 , 0 0

Jaycee's department store chain is planning to open a new store. It needs to decide how to allocate the 100,000 square feet of available floor space among seven departments. The accompanying data includes the expected performance of each department per month, in terms of square feet (sf). The company has gathered $20 million to invest in floor stock. The risk column is a measure of risk associated with investment in floor stock based on past date from other stores and accounts for outdated inventory, pilferage, breakage, and se on. For instance. electronics ioses 24% of its tolsi investmert, fumiture ioses 12% of its total investment, and so on. The amourt of rest aheuits be ne more than 10% of the total investment. Assume that it is net required that the entire available floor space be used. Answer parts a and b befow.
FB Click here to view the expected pertamancie diala.
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